Where Form 1120 Reit Organizations 2023-2024

This is office talk with a net step on in hi everyone this is a net and we're here with some more office talk where i answer some of the most frequently asked questions I get about law and business. So this week I wanted to talk about one of the most common common questions that keeps coming up, and it's the question of what's right for me, an LLC or sole proprietorship. So some of you may have been operating as a sole proprietor and you've been considering becoming an LLC, or maybe you're just starting out and you're trying to decide which business structure is the best for you. So I'm going to talk to you about a few questions I think you need to ask yourself before you decide between a sole proprietorship or an LLC. But before we get started, you've got to do this disclaimer like I do all the time. This presentation is for your informational and educational purposes only. It's not considered legal advice and does not form an attorney-client relationship between the two of us. So if you have any specific questions about your individual circumstances, definitely reach out to an attorney authorized to practice law in your state. In case you're not familiar with what a sole proprietor is, let's start by defining the term. It's a business structure that is owned and run by a single natural person, and there is no legal distinction between the person, the owner, and the business. So if you think about it, there's you, there's the business, and as a sole proprietor, you are your business. Some of the pros to being a sole proprietor is that you control all of the business decisions, the profits, but a con is also that you are...